BTC Capital Management Inc. Raises Holdings in ORIX Co. (NYSE:IX)

BTC Capital Management Inc. lifted its position in ORIX Co. (NYSE:IX - Free Report) by 486.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,618 shares of the real estate investment trust's stock after acquiring an additional 80,977 shares during the period. BTC Capital Management Inc.'s holdings in ORIX were worth $2,039,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Caprock Group LLC raised its position in shares of ORIX by 3.5% in the fourth quarter. Caprock Group LLC now owns 4,419 shares of the real estate investment trust's stock valued at $469,000 after purchasing an additional 148 shares during the period. Gitterman Wealth Management LLC boosted its stake in shares of ORIX by 9.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,927 shares of the real estate investment trust's stock valued at $205,000 after buying an additional 162 shares during the period. Dorsey & Whitney Trust CO LLC grew its position in ORIX by 9.7% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,225 shares of the real estate investment trust's stock worth $236,000 after buying an additional 197 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in ORIX by 3.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,908 shares of the real estate investment trust's stock worth $734,000 after acquiring an additional 211 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in shares of ORIX by 6.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 4,536 shares of the real estate investment trust's stock worth $482,000 after purchasing an additional 273 shares in the last quarter. Institutional investors own 1.73% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded ORIX from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

ORIX Price Performance

Shares of NYSE IX traded down $0.02 during mid-day trading on Wednesday, hitting $21.44. 35,707 shares of the stock traded hands, compared to its average volume of 166,508. ORIX Co. has a twelve month low of $17.75 and a twelve month high of $25.17. The firm has a 50 day simple moving average of $20.09 and a two-hundred day simple moving average of $20.85. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.77 and a quick ratio of 1.73. The company has a market cap of $24.44 billion, a PE ratio of 1.86, a price-to-earnings-growth ratio of 0.97 and a beta of 0.88.

ORIX (NYSE:IX - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.20). ORIX had a net margin of 13.66% and a return on equity of 9.73%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $5.17 billion. As a group, equities research analysts forecast that ORIX Co. will post 11.31 EPS for the current fiscal year.

About ORIX

ORIX Corporation provides diversified financial services in Japan, the United States, Asia, Europe, Australasia, and the Middle East. The company's Corporate Financial Services and Maintenance Leasing segment is involved in the finance and fee; leasing and rental of automobiles, electronic measuring instruments, and ICT-related equipment businesses; and provision of life insurance and environment and energy-related products and services.